Standard Nuclear Begins Production of Advanced HALEU Fuel and Raises $140 Million in Series A Funding

New Funding to Accelerate Buildout of Expansive Fuel Development and Fabrication Infrastructure Beyond Existing Manufacturing Line

OAK RIDGE, Tenn.--(BUSINESS WIRE)--Standard Nuclear, a reactor-agnostic producer of TRISO nuclear fuel, today announced it has secured $140M in Series A funding from investors led by Decisive Point with participation from new investors Chevron Technology Ventures, StepStone Group, XTX Ventures, and existing investors Welara, Fundomo, Andreessen Horowitz, Washington Harbour Partners, and Crucible Capital, among many others. This latest capital raise will support Standard Nuclear’s rapid buildout of new fuel development and fabrication infrastructure beyond the company’s existing operational and privately funded commercial-scale TRISO manufacturing line.

Standard Nuclear will use its new financing to expand annual TRISO production to over two metric tons across multiple, strategically located sites by mid-2026, leveraging proven infrastructure and a uniquely capable team with a track record of rapid, high-quality execution.

Standard Nuclear has executed multiple strategic and commercial milestones in its first twelve months of operations, including its selection as a supplier for the U.S. Department of Energy (DOE) Office of Nuclear Energy’s previously announced Fuel Line Pilot Program, the execution of a first-of-its-kind agreement with DOE to transition its jurisdiction, and a joint venture with Framatome to supply commercial qualities of TRISO and proprietary advanced reactor products. In addition, the company announced in early 2026 that it was the first company to both receive authorization by the U.S. DOE and physically receive HALEU for production of advanced TRISO fuel for Radiant Industries.

“Standard Nuclear has successfully achieved numerous pivotal strategic and commercial objectives since our founding one year ago, leading to the remarkable occasion today as we begin producing HALEU TRISO,” said Kurt Terrani, Chief Executive Officer of Standard Nuclear. “This successful Series A raise ensures we have the capital required to fully execute on our expansion and growth strategy across various products and services based on our technical manufacturing capabilities and industry-leading fuel production expertise. With this funding, we are positioned to accelerate our roadmap, scale operations, and deliver on the promise to fuel the next generation of reactors powering industry, defense, and space.”

“The United States is entering a new nuclear era — driven by the clarity and focus of the Administration, a renewed industrial policy, the AI data center boom, and the recognition that clean, reliable and dispatchable power is essential to national security,” said Thomas Hendrix, General Partner at Decisive Point and Executive Chairman of Standard Nuclear. “Standard Nuclear was founded with a focused mandate to secure and scale a domestic advanced nuclear fuel supply chain that the U.S. can rely on. With this financing, we are rapidly advancing to build the infrastructure needed to scale American nuclear.”

About Standard Nuclear

Standard Nuclear’s mission is to reliably deliver the essential building blocks of nuclear power at scale — enabling cost-effective, safe, and secure energy for the world. Supported by leading U.S. defense technology and critical infrastructure investment firms, Standard Nuclear is focused on the large-scale production of advanced nuclear fuel and radioisotope power systems. It is the nation’s only independent manufacturer of TRISO fuel — a robust, high-performance fuel essential to advanced nuclear reactors for both terrestrial and space applications. Standard Nuclear offers a reactor-agnostic supply of advanced fuels to the next-generation nuclear industry and delivers dependable radioisotope power solutions to the space and defense sectors. Through these efforts, it is helping to eliminate U.S. reliance on geopolitical adversaries for these strategically vital technologies. For more information, visit: https://www.standardnuclear.com/